Wellington Management Group LLP Grows Stock Holdings in KT Corporation $KT

Wellington Management Group LLP grew its holdings in KT Corporation (NYSE:KT) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,115,990 shares of the technology company’s stock after acquiring an additional 198,909 shares during the period. Wellington Management Group LLP owned about 1.96% of KT worth $179,154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Park Place Capital Corp increased its holdings in KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock valued at $36,000 after purchasing an additional 819 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of KT by 174.8% in the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock valued at $40,000 after buying an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of KT by 143.2% in the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock valued at $42,000 after buying an additional 1,396 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of KT by 1,901.0% during the 1st quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company’s stock valued at $73,000 after buying an additional 3,916 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in KT during the 1st quarter worth approximately $77,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, KT presently has an average rating of “Buy”.

KT Stock Up 0.8%

KT stock opened at $20.9240 on Thursday. KT Corporation has a twelve month low of $14.53 and a twelve month high of $21.61. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $10.79 billion, a P/E ratio of 22.74, a PEG ratio of 0.15 and a beta of 0.69. The firm has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $19.01.

KT (NYSE:KT) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter. The firm had revenue of $4.71 billion for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. On average, equities research analysts predict that KT Corporation will post 0.73 earnings per share for the current fiscal year.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.